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TMI BlogDeclining trend in seizure of unaccounted cash in denomination of ₹ 2,000 notesX X X X Extracts X X X X X X X X Extracts X X X X ..... Declining trend in seizure of unaccounted cash in denomination of ₹ 2,000 notes - News and Press Release Dated:- 3-12-2019 - News - Declining trend in seizure of unaccounted cash in denomination of ₹ 2,000 notes No proposal to stop circulation of ₹ 2,000 notes An analysis of the search cases, conducted by Income Tax Department (ITD), involving cash seiz ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ures of more than ₹ 5 crores in the last three Financial Years reveals that there is a declining trend visible in the seizure of unaccounted cash in denomination of ₹ 2,000 notes. The percentage of unaccounted cash seized in denomination of ₹ 2,000, out of the total cash seized is 67.91%, 65.93% and 43.22% in Financial Yea₹ 2017-18, 2018-19 and the current financial year, r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... espectively. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance Corporate Affairs, in a written reply to a question in Rajya Sabha today. In reply to the question of whether the Government is contemplating to stop circulation of the ₹ 2000 notes in phased manner, the Minister stated that there is no such proposal with the Government. Citing the Ann ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ual Report of the Reserved Bank of India, the Minister further stated that the share of value of ₹ 2,000 denomination banknotes in circulation (₹ 6,582 billion) to the value of total Notes in Circulation (₹ 21,109 billion) was 31.18%, as on 31.03.2019. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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